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WATCH LIVE: Obama remarks on military deaths, S&P downgrade

President Obama will deliver a statement Monday on the deaths of the U.S. Navy Seals and Special Forces members in Afghanistan, and the downgrading of the U.S. credit by Standard & Poor’s Ratings Services. Remarks are expected to begin after 1 p.m. ET. Watch this live video from MSNBC, broadcast…

Ron Paul: Downgrade is ‘theatre to build up the fear’

Ron Paul thinks that the United States shouldn’t bother trying to save its Triple A rating from Moody. Appearing on Bloomberg TV this morning, the Texas Congressman questioned the legitimacy of credit ratings, stating that their motive maybe more based on politics. “I always wonder about this ratings, the bond…

Ron Paul: Downgrade is ‘theatre to build up the fear’

Ron Paul thinks that the United States shouldn’t bother trying to save its Triple A rating from Moody. Appearing on Bloomberg TV this morning, the Texas Congressman questioned the legitimacy of credit ratings, stating that their motive maybe more based on politics. “I always wonder about this ratings, the bond…

AIG sues BofA for $10 billion alleging ‘massive fraud’

NEW YORK (Reuters) – The insurer AIG is suing Bank of America Corp to recover more than $10 billion of losses from a “massive fraud” on mortgage debt, deepening the morass of litigation faced by the largest U.S. bank. American International Group Inc, still largely owned by taxpayers after $182.3 billion…

Michele Bachmann: Flying the ‘Barbie jet’ to 2012

Though Rep. Michele Bachmann (R-MN) won her first congressional race in 2006, it wasn’t until the past year that she burst into the collective national consciousness. Now, the tea party darling and contender for the 2012 GOP nomination can’t be avoided. This week, The New Yorker and Newsweek published features…

Former Sen. Hatfield, anti-war Republican, dies

PORTLAND, Ore (Reuters) – Former Senator Mark Hatfield, a liberal anti-war Republican from Oregon, died on Sunday at age 89. In his 30 years in the Senate, Hatfield was one of the chamber’s most consistent voices against war and for curbing military spending, often putting him at odds with his…

Moody’s says U.S. needs to find more deficit cuts

NEW YORK (Reuters) – Ratings agency Moody’s repeated a warning on Monday it could downgrade the United States before 2013 if the fiscal or economic outlook weakens significantly, but said it saw the potential for a new debt agreement in Washington to cut the budget deficit before then. With U.S.…

U.S. helicopter ‘crashed in Taliban trap’

The Taliban lured US forces into an elaborate trap to shoot down their helicopter, killing 30 American troops in the deadliest such incident of the war, an Afghan official said Monday. A total of 38 people — 30 US troops, many of them special forces, plus seven Afghan commandos and…

1 dies, 1 injured at NYC triathlon

One competitor died and another was in critical condition after they ran into difficulty in the swimming phase of the Nautica New York City Triathlon. New York City police said 64-year-old Michael Kudryk of Freehold, New Jersey, was pulled unconsious from the Hudson River on Sunday morning and was thought…

S&P downgrade showed ‘terrible’ judgement: Geithner

Treasury Secretary Timothy Geithner slammed Standard & Poor’s on Sunday as showing “terrible judgement” in downgrading the US credit rating for the first time ever. “I think S&P has shown really terrible judgement and they’ve handled themselves poorly, and they have shown a stunning lack of knowledge about basic US…

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